Terex Announces the Completion of the Sale of its German Compact
Construction Equipment Business to Yanmar Holdings Co., Ltd.

October 04, 2016 05:00 AM Eastern Daylight Time

WESTPORT, Conn.--(BUSINESS WIRE)--Terex Corporation (NYSE:TEX) announced that it has completed the sale of
its German compact construction business to Yanmar Holdings Co., Ltd.
for $60 million in cash. The German compact construction business
manufactures and sells midi/mini excavators, wheeled excavators and
compact wheel loaders. Included in the transaction is the manufacturing
facility located in Crailsheim, Germany and the parts distribution
center located in Rothenburg, Germany.

“The completion of this transaction is another step in our strategy to
focus our portfolio on those businesses that can consistently deliver
returns in excess of our cost of capital,” commented John L. Garrison,
Terex President and Chief Executive Officer. “Yanmar is a strong
strategic buyer with the resources and capability to develop and grow
the acquired business for the benefit of all stakeholders, including
customers, distribution partners and employees.”

Terex Corporation is a global manufacturer of lifting and material
processing products and services that delivers lifecycle solutions to
maximize customer return on investment. The company reports in three
business segments: Aerial Work Platforms, Cranes, and Materials
Processing. Terex delivers lifecycle solutions to a broad range of
industries, including the construction, infrastructure, manufacturing,
shipping, transportation, refining, energy, utility, quarrying and
mining industries. Terex offers financial products and services to
assist in the acquisition of Terex equipment through Terex Financial
Services. Terex uses its website (www.terex.com)
and its Facebook page (www.facebook.com/TerexCorporation)
to make information available to its investors and the market.